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Atirox.com Forex Broker - Daily Analysis - Support & Resistant

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XAU/USD: technical analysis 05.03.2019

XAUUSDH405032019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is falling along the lower line of the Bollinger Bands. The price has tested the support level of 1282.78 (Murray [0/8]) and was slightly corrected upwards, but the downward trend still maintains. If the price is set above the level of 1289.06 (Murray [1/8]), the upward correction can develop to the levels of 1296.87 (Murray [2/8]). Additionally, pair’s sustained trading above the 1296.87 (Murray [3/8]) set 1304.68 as buyers next target. The downward trend will be restored after the price is set below the level of 1281.25 (Murray [0/8]). In this case, the next targets of sellers will be the level of 1273.43 (Murray [-1/8]).
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed upwards. Bollinger Bands are leaned downwards. However, as the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

Support levels: 1281.25, 1273.43, 1265.62.
Resistance levels: 1289.06, 1296.87, 1304.68.

Trading recommendations

Short positions can be opened from the level of 1281.75 with the target at around 1273.43 and stop-loss 1284.00.
Long positions can be opened above the level of 1289.06 with the target at around 1296.87 and stop-loss 1287.50.

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NZD/USD: technical analysis 05.03.2019

NZDUSDH405032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is trading in a bear trend and went down below the the middle line of Bollinger Bands. The price is approaching a support in the region of 0.6774 (Murray [2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6744 (Murray [1/8]) – 0.6713 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 0.6812 ( middle line of Bollinger Bands ), the correction can continue to the area of 0.6835 (Murray [4/8]), 0.6866 (Murray [5/8]). Technical indicators reflect the moderate maintenance of the current downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6774, 0.6744, 0.6713.
Resistance levels: 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6774 with the target at around 0.6744-0.6713 and stop-loss 0.6794.
Long positions can be opened above the level of 0.6805 with the target at around 0.6835-0.6866 and stop-loss 0.6790.

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EUR/USD: technical analysis 05.03.2019

EURUSDH405032019-1024x576.png

Current trend

On 4-hour chart, the EURUSD pair is showing a negative dynamic on its way to the key support line 1.1291 (Murray [0/8]). Levels of 1.1322 (Murray [2/8]), and the 1.1306 (Murray [1/8]) levels might offer intermediate halts during the plunge to 1.1291 mark. If the “bulls” manage to raise the rate above the level of 1.1337 (Murray [3/8]), the correction can continue to the area of 1.1352 (Murray [4/8]), 1.1398 (Murray [7/8]).
Technical indicators maintain a sell signal.Bollinger Bands are slightly leaned downwards. MACD volumes are increasing in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261.
Resistance levels: 1.1337, 1.1352, 1.1398.

Trading recommendations

Short positions can be opened below the level of 1.1322 with the target at around 1.1291 – 1.1261 and stop-loss 1.1340.
Long positions can be opened above the level of 1.1337 with the target at around 1.1352 – 1.1398 and stop-loss 1.1320.

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GBP/USD: technical analysis 06.03.2019

GBPUSDH406032019-1024x576.png

Current trend

On the 4-hour chart, The GBP/USD pair trading with bearish bias. At the moment the price has met the support at the level of 1.3122 (Murray [3/8]). Breakdown and consolidation of the price below the level of 1.3122 will let GBP/USD reach the level of 1.3061 (Murray [2/8]). Alternatively, breakout of 1.3183 (Murray [4/8]) level can accelerate the pair towards 1.3244 (Murray [5/8]). Assuming the pair’s ability to cross 1.3244, 1.3305 (Murray [6/8]) can be targeted if holding long positions. Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are increasing in the negative zone. Stochastic and Bollinger Bands are pointed downwards.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000.
Resistance levels: 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 1.3244 and stop-loss 1.3160.

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AUD/USD: technical analysis 06.03.2019

AUDUSDH406032019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a negative dynamic. The price is approaching a strong support in the region of 0.7019 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6980-0.6950. If the “bulls” manage to raise the rate above the level of 0.7049 (Murray [-1/8]),the correction can continue to the area of 0.7080 (Murray [4/8]) – 0.7110 (Murray [5/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.7019, 0.6980, 0.6950.
Resistance levels: 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6980-0.6950 and stop-loss 0.7040.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7020.

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USD/JPY: technical analysis 06.03.2019

USDJPYH406032019-1024x576.png

Current trend

USD/JPY continues to consolidate in the side channel after a significant raise over the past two weeks. On the 4-hour chart, the instrument is now consolidating around the area of 111.71 level (Murray [6/8]). Breaking 111.71 and holding below it will push the price back to 111.32 (Murray [5/8])-110.93 (Murray [4/8]) level. The upward trend will be restored after the price is set above the level of 112.10 (Murray [7/8]). Additionally, pair’s sustained trading beyond the 112.10 could set 112.50 and the 112.89 as buyers’ next targets.
The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways, reflecting the relative calmness of the markets and sideways movement of the price. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels: 111.71, 111.32, 110.93.
Resistance levels: 112.10, 112.50, 112.89.

Trading recommendations

Short positions can be opened below the level of 111.71 with the target at around 111.32-110.93 and stop-loss 111.95.
Long positions can be opened above the level of 112.10 with the target at around 112.50-112.89 and stop-loss 111.85./

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EUR/USD: technical analysis 07.03.2019

EURUSDH407032019-1024x576.png

Current trend

On 4-hour chart, the EURUSD pair is showing a negative dynamic due to low trading activity and relative calm information field. The price went down below the level of middle line of Bollinger Bands and can fall further to the levels of and 1.1291 (Murray [0/8]). One may speak about downward movement continuation after the price consolidates below the support level of 1.1291. In this case, the next targets of sellers will be the level of 1.1276 (Murray [-1/8])-1.1261 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.1322, the correction can continue to the area of 1.1352 (Murray [4/8])-1.1367 (Murray [5/8]). Technical indicators mostly maintain a sell signal.Bollinger Bands are slightly leaned downwards. MACD volumes are in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.1291, 1.1276, 1.1261, 1.1247.
Resistance levels: 1.1322, 1.1352, 1.1383, 1.1398.

Trading recommendations

Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1247 and stop-loss 1.1308.
Long positions can be opened above the level of 1.1322 with the target at around 1.1352 – 1.1367 and stop-loss 1.1306.

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USD/CAD: technical analysis 07.03.2019

USDCADH407032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is growing along the upper line of the Bollinger Bands. The price went up above the level of 1.3427 (Murray [4/8]) and can grow further to the levels of 1.3488 (Murray [5/8]) and 1.3549 (Murray [6/8]). Pullbacks below 1.3427 could lead to the 1.3366 (Murray [3/8]) level. A significant decrease is possible after the breakdown of the level 1.3366 and the middle line of Bollinger Bands,which can develop to the levels of 1.3305 (Murray [2/8]), 1.3244 (Murray [1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. Stochastic is in the overbought area and is pointed sideways. MACD volumes are increasing in the positive zone.

Support and resistance

Support levels: 1.3427, 1.3366, 1.3305, 1.3244.
Resistance levels: 1.3488, 1.3549, 1.3610, 1.3671.

Trading recommendations

Short positions can be opened below the level of 1.3427 with the target at around 1.3366 and stop-loss 1.3445.
Long positions can be opened above the level of 1.3460 with the target at around 1.3488-1.3549 and stop-loss 1.3430.

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NZD/USD: technical analysis 08.03.2019

NZDUSDH408032019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The main target of the correction is the level of 0.6774 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of a downward rebound from the level 0.6774, while its breakout would allow the raise to continue to the area of 0.6805 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6744 (Murray [1/8]). In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). A significant decrease is possible after the breakout of the level 0.6713, which can develop to the area of 0.6683 (Murray [-1/8])-0.6652 (Murray [-2/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Stochastic’s lines are pointed upwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are leaned downwards. However, as the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

Support levels: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6755.

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XAU/USD: technical analysis 08.03.2019

XAUUSDH408032019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish correction after a significant decline over the past three weeks. Now the instrument is testing the resistance level of 1289.12 (Murray [1/8]), that holds the gate for its rise to 1296.87 (Murray [1/8]) resistance-line. We should note that breakdown 1285.95 and holding below it will push the price back to the 1281.25 (Murray [0/8]). Should prices continue slipping under 1285.95, the area of (Murray [-1/8]) 1273.43 (Murray [-2/8]) and the 1265.62 might try activating a rebound.
Technical indicators mostly keep a buy signal. MACD volumes are decreasing in the negative zone. Stochastic has is pointed upwards. Bollinger Bands are slightly diverging, reflecting the development of the current upward movement.

Support and resistance

Support levels: 1285.95, 1281.75, 1273.43, 1265.62.
Resistance levels: 1289.06, 1296.87, 1304.68, 1312.50.

Trading recommendations

Short positions can be opened below the level of 1281.75 with the target at around 1273.43 and stop-loss 1284.00.
Long positions can be opened above the level of 1289.06 with the target at around 1296.87 and stop-loss 1287.50.

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USD/CAD: technical analysis 08.03.2019

USDCADH408032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is showing a positive dynamic and is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of buyers will be the level of 1.3488 (Murray [5/8]). The pair’s sustained trading beyond the 1.3488 will let the price to grow to the area of 1.3549 (Murray [6/8]). Alternatively, pullbacks below 1.3427 (Murray [4/8]) could lead to the 1.3403 and 1.3366 (Murray [3/8]) level. A significant decrease is possible after the breakdown of the level 1.3366 , which can develop to the levels of 1.3305 (Murray [2/8]), 1.3244 (Murray [1/8]).
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. MACD is slowly decreasing in the positive zone.

Support and resistance

Support levels: 1.3427, 1.3366, 1.3305, 1.3244.
Resistance levels: 1.3488, 1.3549, 1.3610, 1.3671.

Trading recommendations

Short positions can be opened below the level of 1.3427 with the target at around 1.3366 and stop-loss 1.3445.
Long positions can be opened above the level of 1.3460 with the target at around 1.3488-1.3549 and stop-loss 1.3430.

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AUD/USD: technical analysis 11.03.2019

AUDUSDH411032019-1024x576.png

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias. Now the price is consolidating above the level 0.7033 (middle line of Bollinger Bands). The upward trend will be restored after the price is set above the level of 0.7049 (Murray [3/8]). In this case, the raise will continue to the area of 0.7080 (Murray [4/8]). Assuming the pair’s ability to cross 0.7080, the 0.7110 (Murray [5/8]) and the 0.7141 (Murray [6/8]) can be targeted if holding long positions. The breakdown of 0.7033 and holding below it will push the price back to 0.7019 (Murray [2/8]) -0.6988 (Murray [1/8]) area.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.7019, 0.6988, 0.6958.
Resistance levels: 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6988-0.6958 and stop-loss 0.7040.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7030.

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USD/JPY: technical analysis 11.03.2019

USDJPYH411032019-2-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting up after the fall to the level of 110.77. The first target of the correction is the level of 111.47, which corresponds to the middle line of Bollinger Bands. This case scenario will be actual after the price is set above the level 111.20. Pullbacks below 110.93 (Murray [4/8]) could lead to the 110.54 level (Murray [3/8]).
The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards signaling, the development of an upward correction.

Support and resistance

Support levels: 110.93, 110.54, 110.15, 109.76.
Resistance levels: 111.32, 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 110.93 with the target at around 110.54-110.15 and stop-loss 111.15.
Long positions can be opened above the level of 111.20 with the target at around 111.47-111.71 and stop-loss 111.05.

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GBP/USD: technical analysis 11.03.2019

GBPUSDH411032019-1024x576.png

Current trend

On the 4-hour chart, The GBP/USD pair trading with bearish bias. The price is approaching a strong support in the region of 1.2939 (Murray [0/8]) . There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.2878 (Murray [-1/8]) -1.2817 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.3000 (Murray [1/8]), the correction can continue to the area of 1.3061 (Murray [2/8]). The upward trend will be restored after the price is set above the level of 1.3122 (Murray [3/8]), which is the middle line of Bollinger Bands. In this case, the raise will be continue to the level of 1.3183 (Murray [4/8]).
Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are increasing in the negative zone. Stochastic and Bollinger Bands are pointed downwards.

Support and resistance

Support levels: 1.2939, 1.2878, 1.2817.
Resistance levels: 1.3000, 1.3061, 1.3122.

Trading recommendations

Short positions can be opened below the level of 1.2939 with the target at around 1.2878 and stop-loss 1.2960.
Long positions can be opened above the level of 1.3000 with the target at around 1.3061 and stop-loss 1.2980.

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NZD/USD: technical analysis 13.03.2019

NZDUSDH413032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of downward correction. The main target of the correction is the level of 0.6820, which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 0.6820. In this case, the next targets of sellers will be the area of 0.6805 (Murray [3/8]) – 0.6774 (Murray [2/8]). Alternatively, breakout of 0.6866 (Murray [5/8]) can accelerate the pair towards 0.6897 (Murray [6/8]) – 0.6927 (Murray [7/8]). Probably, any attempted recovery seems more likely to get sold into aggressively near the 0.6897 region. Technical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are converging, reflecting the relative calmness of the markets.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.
Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6846.

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XAU/USD: technical analysis 13.03.2019

XAUUSDH413032019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The instrument is now testing the level of 1304.68 (Murray [3/8]). Assuming the ability to cross 1304.68 mark, the level 1312.50 (Murray [4/8]) can be targeted if holding long positions. There is a chance of a downward rebound around the 1312.50 level, while its breakout would allow the raise to continue. Failure to conquer the 1304.68 mark seems fetching the XAU/USD to 0.1296.87 support, which is the the middle line of Bollinger Bands.
Alternatively, breakdown of 1296.87 (Murray [2/8]) will push the price back to 1289.06 (Murray [1/8]). Technical indicators mostly keep a buy signal. MACD volumes are increasing in the positive zone. Stochastic is in the overbought area and is pointed upwards. Bollinger Bands are directed up.

Support and resistance

Support levels: 1296.87, 1289.06, 1281.25.
Resistance levels: 1304.68, 1312.50, 1320.31.

Trading recommendations

Long positions can be opened above the level of 1304.68 with the target at around 1312.50 and stop-loss 1302.60.
Short positions can be opened below the level of 1296.87 with the target at around 1289.06 and stop-loss 1288.00.

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USD/CAD: technical analysis 13.03.2019

USDCADH413032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is faliing along the lowet line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.3305 (Murray [2/8]), but overbought Stochastic could challenge the pair’s downard movement. If the “bulls” manage to raise the rate above the level of 1.3378, the correction can continue to the area of 1.3427 (Murray [4/8]), which coincide with the middle line of Bollinger Bands. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic is in the oversold area and is pointed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 1.3305, 1.3244, 1.3183.
Resistance levels: 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3360 with the target at around 1.3305 and stop-loss 1.3380.
Long positions can be opened above the level of 1.3378 with the target at around 1.3427 and stop-loss 1.3361.

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GBP/USD: technical analysis 14.03.2019

GBPUSDH414032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is correcting down from the resistance level 1.3380. The main target of the correction is the level of 1.3138, which corresponds to the middle line of Bollinger Bands. The levels of 1.3244 (Murray [5/8]) and the 1.3183 (Murray [4/8]) levels might offer intermediate halts during the plunge to the level 1.3138. There is a chance of an upward rebound from the level 1.3138, while its breakdown would allow the fall to continue. Alternatively, break of 1.3380 can accelerate the pair towards 1.3427 (Murray [8/8]) – 1.3488 (Murray [+1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD volumes are in the positive zone. Bollinger Bands are directed up.Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122, 1.3061.
Resistance levels: 1.3305, 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3260.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.2805.

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USD/JPY: technical analysis 14.03.2019

USDJPYH414032019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers is the level of 111.71 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 111.71, the growth can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Pullbacks below 111.32 (Murray [4/8]) could lead to the levels of 111.13 (Murray [1/8]) – 110.93 (Murray [0/8]). Technical indicators mostly keep a buy signal. Bollinger Bands diverge indicating the development of the current upward dynamic. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 111.52, 111.13, 110.93.
Resistance levels: 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.13-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 112.10-112.50 and stop-loss 111.46.

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USD/JPY: technical analysis 14.03.2019

USDJPYH414032019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers is the level of 111.71 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 111.71, the growth can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Pullbacks below 111.32 (Murray [4/8]) could lead to the levels of 111.13 (Murray [1/8]) – 110.93 (Murray [0/8]). Technical indicators mostly keep a buy signal. Bollinger Bands diverge indicating the development of the current upward dynamic. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 111.52, 111.13, 110.93.
Resistance levels: 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.13-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 112.10-112.50 and stop-loss 111.46.

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      Here are the deets…
      Do Understanding the Importance of Determinism
      The peaks and troughs of Forex trading can have a significant impact on traders, who may remain at the mercy of decisions emotive without experience or curiosity determinism. The latter allows you to understand the underlying laws governing the changes in the Forex market and make more rational decisions, particularly in relation to long-term trading.
      Do Follow a Trading Plan
      If you are going to succeed as a Forex trader, you must have a clear plan and strategy that allows you to thrive in real-time market conditions.
      And that's something you should DEFINITELY be doing.
      Many of these can be formulated as you continue to learn about the Forex market, while the use of a demo account through trading platforms like FP Markets allows you to apply this practically in a simulated environment and risk-free.
      Do Manage Your Expectations
      We touched earlier on the subject of emotive trading, which can also have an impact on you as an investor expectation. More specifically, the results of a large and successful trade can create an unrealistic perception of the market, and it is important to remember the loss that failed and command both are part and parcel of any trading experience. This is why you should always risk management measures such as stop-loss to protect your capital in the worst-case scenario.
      Do not listen to rumors
      Make no mistake; the Forex market is one of the most-watched and studied in the world, and in the era of social media it is not uncommon for a variety of rumors out during the trading day. You should try not to listen too closely to speculation that because it is much better to use news sources reliable and verified information wherever possible.
      Do not be greedy
      While greed may be a small factor in your decision to trade currencies, you do not have to let it be your master. The reason for this is simple; the excess of greed can weaken your patience and cause you to become an undisciplined investor who makes decisions based on the return potential than the survival of the trade.
      Don't take revenge on trading
      The term 'revenge trading' refers to the emotional reaction to the loss, as you can see for this chase and recover your lost capital. While it's natural to want to close you're lost as much capital as possible, it is always important to remain in the 'now' trade and execute orders based on the merit of each.
      In the end, Forex trading has some certain risks but if you follow the right steps and regulation then one day you may succeed in Forex. 
      And I really hope these steps which I've highlighted in this article will be benefited to many newbies and if you've any topic in mind that you want me to cover for you then please let me know.
    • By fxfarmerashik
      If you try to be a successful trader in the Forex, you should get something clues correctly. There are many major things you want to pay attention to. 
      So, today I’ll share with you some important tips that you will need along your way. These tips will guide you to sharpen your trading skills together with an eye on the most frequent weaknesses.
      Therefore, without any further ado, let’s dive right in.
      Knowledge is power
      Maybe it was normal that the starters brought in the early stages when they hit the road but you should always take precautions to educate yourself. If you do not, you may end up losing your investment.
       Therefore, it means that you must be very attentive to the educational resources that your broker has given you in the video and document formats. Additionally, you can ask your broker to give you a demo account so you can practice trading on it.
      Reliable Forex Broker
      A broker that offers clear terms of trade and the various encyclopedic assets is ideal for Forex broker. You should ensure that your broker offers to trade in certain instruments area. 
      He or she must provide a demo account where you can practice some trading skills before you go to market life. Years of experience and a well-establishment in the industry are the things that can help you to determine a reliable broker for you.
      Evaluate Fundamental
      When you are done with selecting a Forex broker, you should see if your capital designation for Forex exchange is not above or inadequate and decide your risk resilience.
      100% sure about the results you are looking for, and to achieve that you have to have an overall strategy in place.
      Be Wise While Choosing-Account Type
      Your broker may offer different types of accounts to ensure that one of them will meet your needs. It may seem like a simple process, however, choose the type of account that synchronizes with the experience and expectations. 
      The lower the risk, the higher the likelihood, therefore, it is wise to choose lower leverage.
      And if you want to choose Forex robot or software trading platforms then you should research a lot about the platforms. I think the FIX API trading platform will be best for you.
      Your working day is Similarly Important
      A few Forex exchange people to improve their standard salary by pointing out a few hours of work weekly. Meanwhile, others win alive by dedicating a lot of time and effort, perhaps at the full-time premise to get "compensation". 
      However, you have to be sensible and acknowledge that it was an example of "you only get what you put in" and given that it is likely to have a favorable opportunity, you can not expect to win on the "go".
      You can get off to a fast start with Forex trading if you keep insights and tips in your mind. In the event that you are pursuing a master's, you will be able to verify the results were great and anticipate the possibility to withdraw payment from your trading practice.
      Finally, there are also few facts like study the market, making analysis etc. In order to become a successful trader, you have to work hard.
      So, GOOD LUCK!
    • By fxfarmerashik
      The value of different currencies around the world depend on political events, economic and global social and fluctuates regularly.
      This allows traders engaged fluctuations in foreign exchange or Forex to earn money by basing the sale or purchase of currency on speculation the future value of a particular currency.
      Today the Forex market is worth more than $ 6 trillion and the largest financial market in the world.
      The global Forex market is important for the sustainability of international trade relations, import and export, and the global economic framework and provides a livelihood for thousands of Forex traders around the world.
      Read on to learn more about -
      - Forex trading strategy
      - The benefits of Forex trading
      - 5 best strategies for 19-20
      First of all, what is Forex trading?
      Forex trading is the basis for all international transactions and exceeded the volume of futures or stock market trading.
      The purpose of Forex trading is to exchange one currency for another in the faith that the value of the currency received will increase in the future.
      What are the different Forex trading strategies?
      Forex traders use many strategies and methods of analysis to determine the best time to buy and sell currencies. Here are the most important strategies involved in Forex trading.
      Fundamental Analysis: Fundamental analysis looks at the integral indicator of the economy to understand if the currency is likely to be undervalued or overvalued in the future. This method can be a little daunting because it involves a lot of data elements of a country's economy.
      This method also analyzes currency inflows and outflows in addition to economic news releases in the country.
      Technical Analysis: Many traders favor this strategy as it gives a decent insight into the predictive value of the currency. It involves reviewing past behavior and recently to predict the value of the currency in the future.
      Technical analysis involves a long list checklist for detecting small fluctuations in currency trends. It provides merchants with a visual and scientific basis to determine when to buy and sell currencies.
      Trade Trends: This method involves identifying a trend of increase or decrease in the price movement of the currency. Using these trends to determine the best time to buy and sell currencies based on the strength of a trend.
      This method involves a variety of factors such as the moving average, the value of the currency now and the relative strength indicator to calculate trends.
      Swing Trading: This strategy looks to set up shop during the 'swing' trading-day period. This period is when the market registers the maximum activity. This strategy reduces the false price movements observed during the lean period.
      Breakout Trade: Trade Breakout identifies the entry point of various trades before trading. If the price of the currency broke out of its range, traders can assume that the trend will continue. Similarly, if the price falls below the range, traders will know better than to sell the currency.
      Why do you have to learn Forex trading?
      Here are the main reasons that should convince you to invest the time and money to pursue a course in Forex trading.
      It can serve as an additional income: Trading in foreign exchange can help you supplement your income from a steady job, which can ease your financial situation. However, it is important to note that it takes to build skills and intuition in the subject.
      It is less dependent on the labor market: It serves as a perfect source of income because they do not get a lot of the work rate or downsizing in the companies affected.
      You can choose the timing of your work: Unlike the stock market which is open for only six hours a day, the Forex market is open 24 hours for 5 days a week trading. This gives you the flexibility to choose your work schedule.
      It involves lower transaction costs: Due to less number of intermediaries in the business, Forex trading has significantly less transaction costs unlike other types of trading. This will reduce your expenses and increase your profit margins.
      You can work anywhere: You can access the Forex market from every part of the world as long as you have a computer and an internet connection to work. These days, it is even possible to trade when you travel with the help of a smartphone.
      While all of the strategies involved in Forex trading, it takes time and technical expertise to know which one will be used at certain times. Pursuing a short course on Forex trading can help you become an experienced trader.
    • By fxfarmerashik
      FOREX trading might sound to you like something unique, but it’s not difficult to explain because most people consider it tough to understand.
      Though it is true, this is different from what you normally use in other capital markets, but the ideas behind it are the same; to get as much profit as possible in a very short time.
      The Forex exchange market is the largest market in the world without anyone approaching it. It is traded in trillions of dollars a day all the time, so it is attractive to both; traders who trade in small or larger sizes because Forex trading is relatively easy to complete your trade and the cost of doing business is much lower.
      So, without any further ado, let’s dive right into Forex trading and how it works.
      What is Forex trading?
      Forex is a synonym of foreign exchange, so basically it is trading one currency with another currency. Most of us have probably done this kind of exchange, manually if not electronically.
      For example, if you go on holiday to Malaysia, you must convert your money to Malaysian ringgit, or if you go to the US for a vacation; You will spend USD in the US. This is a form of Forex trading where you sell your own domestic currency for foreign currencies.
      How does a Forex broker work?
      Forex brokers are basically intermediaries who buy and sell on behalf of someone. Every time you work through a broker, he will get some money as a commission called a spread.
      Now, the great thing about the Forex market today is that the spreads are far lower because Forex brokers are very competitive businesses.
      When you open an account with a good broker like Exness, they will do what is known as KYC, called Know Your Clients.
      So, that means you have to show some credentials to ensure that you have good credit, especially if they give you leverage (lend money to trade).
      Who trades Forex and why?
      On a much larger scale, trade is carried out by central banks, large banks, companies, governments, and retail traders.
      Central banks intervene in the foreign exchange market to bring a balance in the currency so that they remain competitive in exports.
      So, they sell their own domestic currency on a large scale to buy whatever relevant raw materials they need from other countries.
      Finally, retail traders; like you or me, speculate in the Forex market for profit.
      The advantage of Forex trading
      High Liquidity
      So, every time you place an order on the Forex market, you don’t need to worry about completing your trade because there are many buyers and sellers in the market.
      According to the latest survey, Forex traders have jumped close to 10 million in the market.
      Risk management
      Forex allows you to trade very small lot sizes. Unlike stocks, where there is a large risk involved, in Forex, you don’t need to trade big to get big profits.
      Open 24/7
      Forex gives you the option to trade whenever you want, Monday to Friday. You can wake up early or late at night. You can go home from your daily work, and the Forex market will remain open and in full bloom.
      So, in the end, Forex trading is now on the edge of online trading. Though many people still don’t know how it works. So, for them, if you have any question in my mind regarding Forex trading then please let me know.
    • By fxfarmerashik
      The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.

      Very Low Spread

      IC Markets recommends several tight spreads from all Foreign exchange brokers globally. Spreads on EUR / USD can often be seen at 0.0 pips during European and North American trading sessions. The average spread on EUR / USD is 0.1 pip 24/5. This is currently the most stringent EUR / USD average spread from any broker globally.

      No Restrictions on Trading - Scalping Allowed

      CTrader IC Markets Platform has no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place an order between spreads because there is no minimum order distance and a freezing level of 0. This means orders including stop-loss orders can be placed as close to the market price you want. Traders can also hedge positions because there is no first exit rule (FIFO) with IC Markets.

      Price Level II - Market Depth

      CTrader market depth shows the full range of executable prices that come directly from liquidity providers. Orders are fulfilled for full order books using Volume Weighted Average Price (VWAP). The cTrader platform offers transparent liquidity for each currency pair by showing the available volume for each price level at a certain time. High liquidity, spot prices are out of sync, and low latency guarantees the tightest spread possible.

      About IC Markets

      IC Markets is the only forex True ECN broker in the world that provides trading solutions for active traders and brokers, as well as traders who are new to the forex market. IC Markets offers its clients the leading trading platform, low latency connectivity, and superior liquidity. IC Markets revolutionizes online forex trading online traders can now gain access to prices and liquidity that were previously only available to investment banks and high net worth individuals.

      For more information: https://www.topasiafx.com/best-forex-broker/ic-markets

      So, my trader fellows, read the process of choosing a trustable, reputable and almost best broker platform to start trading for the modern days: https://www.topasiafx.com/blogs/15-best-choosing-ways-of-a-trusted-forex-broker

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
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